Saint Helena Ascension and Tristan da Cunha Economy - 2023

GEOGRAPHICAL NAMES 

Economic overview

upper middle-income, British Atlantic Ocean territorial economy; native (but pegged to British pound) currency user on 2 of 3 islands; significant UK financial support; unique land/farming commune structure; military-related economic activity; sport fishing locale

Real GDP (purchasing power parity)

$31.1 million (2009 est.)

Real GDP growth rate

N/A

Real GDP per capita

$7,800 (FY09/10 est.)

GDP (official exchange rate)

N/A

Inflation rate (consumer prices)

4% (2012 est.)

GDP - composition, by sector of origin

agriculture: NA

industry: NA

services: NA

Agricultural products

coffee, corn, potatoes, vegetables; fish, lobster; livestock; timber

Industries

construction, crafts (furniture, lacework, fancy woodwork), fishing, collectible postage stamps

Industrial production growth rate

N/A

Labor force

2,486 (1998 est.)

Labor force - by occupation

agriculture: 6%

industry: 48%

services: 46% (1987 est.)

Unemployment rate

14% (1998 est.)

Population below poverty line

N/A

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Budget

revenues: $8.427 million (FY06/07 est.)

expenditures: $20.7 million (FY06/07 est.)

note: revenue data reflect only locally raised revenues; the budget deficit is resolved by grant aid from the UK

Fiscal year

1 April - 31 March

Exports

$19 million (2004 est.)

Exports - partners

United States 47%, Japan 12%, South Korea 10%, France 9%, Australia 5% (2019)

Exports - commodities

crustaceans, fish, integrated circuits, air conditioners, clothing and apparel (2019)

Imports

$20.53 million (2010 est.)

Imports - partners

United Kingdom 65%, South Africa 21% (2019)

Imports - commodities

refined petroleum, cranes, communion wafers, iron sheeting, cars and vehicle parts (2019)

Debt - external

N/A

Exchange rates

Saint Helenian pounds (SHP) per US dollar -

0.7836 (2017 est.)

0.6542 (2016 est.)

0.6542 (2015)

0.607 (2014 est.)

0.6391 (2013 est.)

NOTE: The information regarding Saint Helena Ascension and Tristan da Cunha on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Saint Helena Ascension and Tristan da Cunha 2023 information contained here. All suggestions for corrections of any errors about Saint Helena Ascension and Tristan da Cunha 2023 should be addressed to the CIA or the source cited on each page.